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Société Générale shakes up management at private banking unit

Société Générale on Wednesday unveiled a leadership overhaul of its private banking arm, naming Jean-François Mazaud, deputy head of global finance at its Corporate and Investment Banking business, as the unit’s new head.

Mazaud succeeds Daniel Truchi, who is quitting the French lender. The restructuring will also see Patrick Follea - chief executive of private banking France and supervisor of the division’s Belgian operations - assigned the additional role of deputy head of the unit, replacing Yves Thieffry.